A native of Oklahoma and son of a petroleum geologist, Mike was raised in the historic Seminole oilfields. He graduated from the University of Oklahoma with a degree in business in 1974.
Upon graduation, Mike entered the business world at one of Oklahoma City’s largest banks. He resigned the bank as a commercial lending officer in 1980 to join the family oil business in Southeastern Oklahoma. There Mike co-owned and managed a successful oilfield service company and began purchasing oil and gas properties in 1984.
After selling the service business in 1992, Mike was appointed as Executive Director of the Oklahoma Commission on Marginal Wells at Sarkey's Energy Center in Norman. In 1994 Mr. Terry was hired as the first Executive Director of the newly formed Oklahoma Energy Resources Board where he manages the nation's first oil and gas checkoff program. Mr. Terry has also been successful in spearheading efforts to create similar energy education programs in other states.
In March 2006, Mike accepted a position as Executive Vice President of Diamondback Energy Services in Oklahoma City with responsibilities in operations, marketing and sales.
Mr. Terry was named President of the Oklahoma Independent Petroleum Association (OIPA), one of the nation’s largest oil and gas associations, in February, 2007 representing the interests of more than 1700 members.
He is a member of the Interstate Oil & Gas Compact Commission’s (IOGCC) Public Outreach Committee, governing board of the Jasmine Moran Children’s Museum, Oklahoma History Museum board, and member of the Children’s Miracle Network Council.
Mike is married to Patty and has two daughters, Michelle Webster, a petroleum landman in Oklahoma City, and Melissa of the home in Edmond.